Sprott Physical Gold Trust Reports Unaudited Earnings Results for the Quarter Ended March 31, 2012
Sprott Physical Gold Trust reported unaudited earnings results for the quarter ended March 31, 2012. For the quarter, the company reported unrealized gain on gold bullion of $113,431,729 against $9,459,183 for the same period a year ago. Net income for the period attributable to the Trust's redeemable units was $110,954,474 against $8,042,937 for the same period a year ago. Total comprehensive income for the period was $110,954,474 against $8,042,937 for the same period a year ago. Basic and diluted income per unit was $0.69 against $0.08 for the same period a year ago. Net cash used in operating activities was $1,322,774 against $1,087,928 for the same period a year ago. Net asset value was $14.02 per share against $13.17 per share for the same period a year ago.